Title 39, Taxation
0 chapters · 682 sections in this title.
Colo. Rev. Stat. § 39-7-101 Statement of owner or operator
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(1) Every operator of, or if there is no operator, every person owning any oil or gas leasehold or lands within this state, either as a single lease or as a unit, that are producing or are capable of producing oil or gas on the assessment date of any year, shall, no later than th…
Colo. Rev. Stat. § 39-7-102 Valuation for assessment
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(1) Except as provided in subsection (2) of this section, on the basis of the information contained in such statement, the assessor shall value such oil and gas leaseholds and lands for assessment, as real property, at an amount equal to eighty-seven and one-half percent of: (a) …
Colo. Rev. Stat. § 39-7-102.5 Calendar for notice of valuation and appeals
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Notwithstanding any other provisions to the contrary, lands and leaseholds valued pursuant to this article shall follow the schedule for personal property set forth in this title regarding notices of valuation and appeals of valuation. Source: L. 88: Entire section added, p. 1301…
Colo. Rev. Stat. § 39-7-102.7 Notice of valuation - public record
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The assessor shall retain a copy of all notices of valuation for lands and leaseholds valued pursuant to this article, and such copies shall be public records that are available for inspection in accordance with part 2 of article 72 of title 24, C.R.S. Source: L. 2007: Entire sec…
Colo. Rev. Stat. § 39-7-103 Surface and subsurface equipment valued separately
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All surface oil and gas well equipment and submersible pumps and sucker rods located on oil and gas leaseholds or lands shall be separately valued for assessment as personal property, and such valuation may be at an amount determined by the assessors of the several counties of th…
Colo. Rev. Stat. § 39-7-104 Failure to file statement
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If any person owning or operating any oil and gas leaseholds or lands producing or capable of producing oil or gas on the assessment date fails or refuses to prepare and file the statement required by the provisions of section 39-7-101, then the assessor shall list such property …
Colo. Rev. Stat. § 39-7-105 Assessor to examine books, records
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The assessor has the authority and right at any time to examine the books, accounts, and records of any person owning or operating such oil and gas leaseholds and lands in order to verify the statement filed by such person, and, if from such examination he finds such statement or…
Colo. Rev. Stat. § 39-7-106 False statement - penalty
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If any person required to file such statement willfully and knowingly subscribes to any false statement contained therein, he is guilty of perjury in the second degree and upon conviction shall be punished according to law. Source: L. 64: R&RE, p. 711, � 1. C.R.S. 1963: � 137-7-6…
Colo. Rev. Stat. § 39-7-107 Oil and gas lands in more than one county
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(1) Whenever any oil and gas leaseholds or lands appear to be situated in more than one county, the production value is assigned to the county in which the wellhead is located. (2) Whenever the wellheads of a group of contiguous oil and gas leaseholds or lands operated as a unit …
Colo. Rev. Stat. § 39-7-108 Collection
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Beginning January 1, 1980, when taxes on oil and gas leaseholds and lands are due, such taxes shall be a debt due from the owner or the unit operator as the case may be and shall be recoverable by the treasurer by direct action in debt; except that such taxes treated as debt due …
Colo. Rev. Stat. § 39-7-109 Valuation of severed nonproducing oil or gas mineral interests
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(1) The actual value of severed nonproducing oil or gas or oil and gas mineral interests shall be determined by the income approach capitalizing the annual net rental income for such nonproducing mineral interests at an appropriate market rate. If such severed mineral interests a…
Colo. Rev. Stat. § 39-7-110 Oil and gas operator - definition
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(1) As used in this article 7, well or unit operator means the operator of each wellsite or, if there is no operator, the owner who filed the statement with the assessor pursuant to section 39-7-101. (2) Notwithstanding any other provision of law, the partial interests of oil and…